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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION
IN THE U.S./
TORONTO, April 13 /CNW/ - Kensington Capital Partners Limited
("Kensington"), a leading Canadian private equity investor and fund of funds
manager, is pleased to announce that it has obtained a receipt for the final
prospectus for the initial public offering of Units of the Kensington Global
Private Equity Fund (the "Investment Fund"). Closing of the offering is
scheduled for April 20, 2007.
The Investment Fund has been created to provide individuals and other
investors with access to a diversified portfolio of global private equity
investments, including private equity funds and direct investments in private
companies.
The Investment Fund will issue the Units to public investors at a price
of $20.00 per Unit, payable in two instalments. The first instalment of $10.00
is payable upon the closing of the offering. The second instalment of $10.00
is payable on or before December 5, 2007. Prior to payment of the second
instalment, Units will be represented by instalment receipts. The minimum
investment is $25,000 (with $12,500 payable at closing).
The offering is being led by CIBC World Markets Inc. and Scotia Capital
Inc. with a syndicate of dealers including Genuity Capital Markets, National
Bank Financial Inc., Canaccord Capital Corporation, Dundee Securities
Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont
Capital Inc., GMP Securities L.P., and Wellington West Capital Inc.
The final prospectus relating to these securities has been filed with
securities commissions or similar authorities in each of the provinces and
territories of Canada and a final receipt has been obtained. This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy.
These securities have not been and will not be registered under the
United States Securities Act of 1933, as amended, or any state securities laws
and may not be offered or sold in the United States or to U.S. persons.
A copy of the final prospectus may be obtained from CIBC World Markets
Inc. Distribution Center by contacting Lovena Doodahand at
lovena.doodahand@cibc.ca, or on SEDAR at www.sedar.com, or by contacting
Kensington at 416-362-9000 or investorrelations@kcpl.ca.
About Kensington:
Kensington Capital Partners Limited is a leading independent Canadian
private equity investor and fund of funds manager founded in 1996. To date,
Kensington has commitments of over $300 million for private equity investments
through its fund of funds and direct co-investment programs. Kensington's web
site is www.kcpl.ca.